The Health Technology sector contains companies focused on the digitization of healthcare across the value chain from the providers, to the payers, to the patients and consumers. They often optimize existing medical practices, provide health information to individuals, or create new frontiers in medicine.

In this post we examine the different components of Health Technology and how they make up this startup ecosystem. On our Health Technology research platform, we have classified the companies into 22 categories. This blog post will illustrate what these categories are and which categories have the most companies. We will also look at how these categories compare with one another in terms of their funding and maturity.

Digital Medical Devices Is the Largest Health Technology Category

Let’s start off by looking at the Sector Map for the Health Technology sector. As of March 2018, we have classified 2139 Health Technology startups into 22 categories that have raised $64 billion....

Our sector maps are snapshots of emerging technology sectors. They show what the different categories in a sector are and how many startups are within each category. They also present a small sampling of the current startups that are innovating in each category.

The following graphs highlight recent trends in Health Technology startup funding activity. The graphics include data through August 2017.

The above graph summarizes the total funding raised by Health Technology startups for each year. 2015 has the most funding to date at around $8.9B.

The above graph summarizes the total amount of funding raised by Health Technology companies founded in a certain year. Companies founded in 2013 have raised the most funding at around $5.2B.

We are currently tracking 2053 Health Technology companies in 22 categories across 57 countries, with a total of $52.9 Billion in funding. Click here to learn more about the full Health Technology market report.

The following two graphs summarize the rounds of funding going into the Health Technology space. Please note these graphics are made using data through August 2017.

The graph above shows the total amount of VC funding broken out by round. From 2006 to 2016, we saw a general increase in the overall sector funding, with the total amount peaking in 2015 and declining slightly thereafter. Earlier stage rounds (Series A, B, and C) make up a larger share of the total amount.

The graph above shows the total count of funding events broken out by round. From 2006 to 2016 we’ve seen an upward trend that peaked in 2014 and declined slightly thereafter. Earlier stage funding such as Seed, Series A, and Series B events make up the majority of funding event counts.

We are currently tracking 2040 Health Technology companies in 22 categories across 57 countries, with a total of $52.3 Billion in funding. Click here to learn more about the full Health Technology market report.

The following graph summarizes investor activity in the Health Technology space. Please note these graphics are made using data through August 2017.

The above analysis summarizes the total number of investment rounds Health Technology investors participated in, and the number of unique companies funded by selected investors. Major investors into the space include NEA, GE Ventures, Khosla Ventures, Sequoia Capital, and Y Combinator.

We are currently tracking 2028 Health Technology companies in 22 categories across 57 countries, with a total of $52.2 Billion in funding. Click here to learn more about the full Health Technology market report.

The following graphs highlight venture investing trends into the Health Technology sector. The graphics include data through August 2017.

The above graph compares the total venture funding in each Health Technology category to the number of companies in the category. The Digital Medical Devices category leads in both metrics, with around $9.6B in funding and about 250 startups.

The above analysis summarizes the average company funding in each Health Technology category. The Genomics category leads the sector with $75M in average funding per company, followed by the Insurance/Payments and Health Destination Sites categories.

We are currently tracking 2008 Health Technology companies in 22 categories across 57 countries, with a total of $51.4B in funding. Click here to learn more about the full Health Technology market report.

The following graphs highlight the exit activity in the Health Technology sector. The graphics include data through August 2017.

The above graph summarizes the number of exits (acquisitions and IPOs) in each Health Technology category. The Clinical Administration category leads the sector with 16 IPOs and 24 acquisitions. The Digital Medical Devices category follows behind with 15 IPOs and 9 acquisitions.

The above graph summarizes the number of exits (acquisitions and IPOs) in Health Technology by year. 2016 currently leads the sector with 52 acquisitions and 6 IPOs, with 2015 following behind with 30 acquisitions and 12 IPOs.

We are currently tracking 2005 Health Technology companies in 22 categories across 57 countries, with a total of $51.7 Billion in funding. Click here to learn more about the full Health Technology market report.

The following graph shows average and median age in the Health Technology sector. The graphic includes data through August 2017.

The above graph summarizes the average and median age of companies in each Health Technology category. The Electronic Health/Medical Records category has the highest average age at around 14 years, and the Healthcare Robotics category has the highest median age, also at around 14 years. On the other hand, Healthcare Search is the youngest Health Technology category with an average age of 6 years and a median age of 5 years.

We are currently tracking 1995 Health Technology companies in 22 categories across 57 countries, with a total of $50.4 Billion in funding. Click here to learn more about the full Health Technology market report.

The following graph shows the founding year distribution in the Health Technology sector. The graphic includes data through August 2017.

The above graph summarizes the number of Health Technology companies founded in a certain year. 2013 ranks at the top with 267 companies founded in that year alone. 2012 is the runner-up with 211 companies founded in that year.

We are currently tracking 1983 Health Technology companies in 22 categories across 57 countries, with a total of $48.5B in funding. Click here to learn more about the full Health Technology market report.

The following two graphs summarize the rounds of funding going into the Health Technology space. Please note these graphics are made using data through April 2017.

The graph above shows the total amount of VC funding broken out by round. From 2006 to 2016, we saw a general increase in the overall sector funding, with the total amount peaking in 2015 and declining slightly thereafter. Earlier stage rounds (Series A, B, and C) make up a larger share of the total amount.

The graph above shows the total count of funding events broken out by round. From 2006 to 2016 we’ve seen an upward trend that peaked in 2014 and declined slightly thereafter. Earlier stage funding such as Seed, Series A, and Series B events make up the majority of funding event counts.

We are currently tracking 1960 Health Technology companies in 22 categories across 57 countries, with a total of $47.1 Billion in funding. Click here to learn more about the full Health Technology market report.

The following graphs highlight the exit activity in the Health Technology sector. The graphics include data through April 2017.

The above graph summarizes the number of exits (acquisitions and IPOs) in each Health Technology category. The Administration/Backend category leads the sector with 16 IPOs and 21 acquisitions. The Digital Medical Devices and EHR/EMR categories follow behind with 20 exits each.

The above graph summarizes the number of exits (acquisitions and IPOs) in Health Technology by year. 2016 currently leads the sector with 51 acquisitions and 5 IPOs, with 2015 following behind with 28 acquisitions and 10 IPOs.

We are currently tracking 1942 Health Technology companies in 22 categories across 57 countries, with a total of $46.5 Billion in funding. Click here to learn more about the full Health Technology market report.

The following graph shows average and median age in the Health Technology sector. The graphic includes data through April 2017.

The above graph summarizes the average and median age of companies in each Health Technology category. The Electronic Health/Medical Records category has the highest average age at around 14 years, and the Healthcare Robotics category has the highest median age, also at 14 years.

We are currently tracking 1924 Health Technology companies in 22 categories across 57 countries, with a total of $45.6 Billion in funding. Click here to learn more about the full Health Technology market report.

The following graph shows the founding year distribution in the Health Technology sector. The graphic includes data through April 2017.

The above graph summarizes the number of Health Technology companies founded in a certain year. 2013 ranks at the top with 253 companies founded in that year alone. 2012 is the runner-up with 200 companies founded in that year.

We are currently tracking 1896 Health Technology companies in 22 categories across 58 countries, with a total of $43.6B in funding. Click here to learn more about the full Health Technology market report.

The following graphs highlight the exit activity in the Health Technology sector. The graphics include data through October 2016.

The above graph summarizes the number of exits (acquisitions and IPOs) in each Health Technology category. The Clinical Administration/Backend category leads the sector with 12 IPOs and 14 acquisitions. The Electronic Health/Medical Records category follows behind with 8 IPOs and 9 acquisitions.

The above graph summarizes the number of exits (acquisitions and IPOs) in Health Technology by year. 2016 currently leads the sector with 40 acquisitions and 2 IPOs, with 2015 following behind with 27 acquisitions and 7 IPOs.

We are currently tracking 1839 Health Technology companies in 22 categories across 58 countries, with a total of $40.8 Billion in funding. Click here to learn more about the full Health Technology market report.

A report providing an overview of the Health Technology startup landscape, graphical trends and insights, and recent funding and exit events. Click here to see this entire deck on SlideShare.

We are currently tracking 1595 Health Technology companies in 22 categories across 54 countries, with a total of $33.6 Billion in funding. Click here to learn more about the full Health Technology landscape report and database.

The above analysis summarizes the total number of investment rounds Health Technology investors participated in, and the number of unique Health Tech companies funded by selected investors. Kleiner Perkins, Khosla Ventures, and HCA all currently tie in the first place with 35 investments into Health Technology. HCA takes the lead in the number of HealthTech companies backed (27 companies), followed by Khosla Ventures (20 companies) and Kleiner Perkins (15 companies).

We are currently tracking 1298 Health Technology companies in 21 categories across 48 countries, with a total of $27.3B in funding. Click here to see the full Health Technology landscape report and data.

The above graph summarizes the total funding raised by Health Technology companies each year. 2015 was the best year in Security Technology funding thus far with over $6.2B raised, followed by 2014 at a close second with just under $6B raised. 2016 is already further along this year than the entire year of 2013.

We are currently tracking 1,285 Health Technology companies in 21 categories across 48 countries, with a total of $26.5B in funding. Click here to see the full Health Technology landscape report and data.

The analyses below summarize the where Health Technology innovations are occuring.

The above map shows the number of Health Technology companies located in different countries. The United States ranks as the top country with 889 companies.

The above map shows the amount of Health Technology venture capital funding in different countries. The United States has the most Health Technology VC funding at $18.3B.

We are currently tracking 1279 Health Technology companies in 21 categories across 48 countries, with a total of $26 Billion in funding. Click here to see the full Health Tehnology landscape report and data.